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Markets continue to remain on a hot streak in a buildup to the Union Budget 2018.
As the focus will now shift towards an announcement of the expected government policies during the budget session, following are the 3 stocks that are likely to witness positive momentum in the coming weeks.

Symbol CMP Reasoning View  Potential Reward Potential Risk
DHFL Rs612.5 An expected Double bottom chart pattern breakout as the Government could announce major benefits for the affordable housing sector, which could indirectly benefit the housing finance companies. Bullish ~+8% 5%
Container Corporation of India. Rs1473 Dedicated Freight Corridor to provide a boost to transportation and logistics companies. Technically the stock has given a Channel pattern breakout. Bullish ~+8% 5%
Coal India Rs284 A positive announcement on power for all project could reap benefits to the stock. Technically it has given a bullish Inverse Head & Shoulder breakout. Bullish ~+8% 5%

 

Last modified on Saturday, 20 January 2018

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